Brewery chief: Pre-COVID revenues not back till 2023
Commonwealth Brewery’s managing director has warned shareholders not to expect the group’s revenues to fully recover from COVID-19 “before 2023” following a $38.2m drop-off last year.
PM calls on UN for global tax oversight
The Prime Minister has renewed The Bahamas’ call for the United Nations to take more responsibility for overseeing tax and anti-financial crime initiatives that have battered its financial industry for two decades.
Electrical workers switch umbrella union affiliation
The Bahamas Electrical Workers Union (BEWU) has dropped its affiliation with the Bahamas National Congress of Trade Unions (NCTU), describing the umbrella body as “a sinking ship” that seems to be divided.
Retailers moving swiftly on Christmas inventory
Bahamian retailers are moving swiftly to ensure they have sufficient inventory for the upcoming Christmas holiday season as concerns mount elsewhere about the impact of supply chain shortages and backlogs.
‘We can’t become a nation for sale’
A prominent realtor yesterday voiced fears The Bahamas will become “a nation for sale” unless it quickly gets its $10.4bn national debt and associated economic and fiscal crises under control.
Revised Budget ‘quite necessary’
The Government will likely find it “quite necessary” to produce a revised 2021-2022 Budget that reflects its policy priorities and campaign pledges, a well-known accountant is predicting.
Gov’t urged: Free Bahamians from ‘oppressive governance’
A prominent businessman has urged that all Bahamians be “freed from the burdens of oppressive governance” as he called on the new administration to “peel back” the red tape confronting entrepreneurs.
McAlpine: ‘Stamp out partisan politics’ for good of Bahamas
A former MP yesterday queried the size of Prime Minister Philip Davis’ new Cabinet as he demanded that “partisan politics be stamped out for the sake of The Bahamas”.
Realtor backs $1m residency threshold
The real estate investment threshold for economic permanent residency should be increased from $750,000 to at least $1m, a well-know realtor argued yesterday.
LETTER TO THE BUSINESS EDITOR: ‘New Day’ for monitoring investors’ commitments
I read with interest recent newspaper articles giving the reaction of the now-former minister of state for Grand Bahama and finance, J. Kwasi Thompson, as well as a prominent Freeport attorney, to the prospect of the reintroduction of the Grand Bahama (Port Area) Investment Incentives Act 2016.
Skate City urges Gov’t: End COVID orders early
A New Providence-based entertainment destination yesterday urged the newly-elected Davis administration to rapidly bring the COVID emergency orders to an end so it can meet pent-up consumer demand.
Slashed curfew aids food store top lines
A small food retailer yesterday hailed the extra shopping hours created by the nightly curfew’s pushback to a midnight start for increasing sales.
$10.4bn national debt bigger than economy
The Bahamas’ $10.4bn national debt is bigger than the size of its economy, it was confirmed yesterday, further exposing the “daunting challenge” the Government faces in tackling twin economic and fiscal crises.
Push Grand Lucayan sale ‘across goal line’
The Grand Bahama Chamber of Commerce’s president yesterday urged the newly-elected government to make the Grand Lucayan’s sale “a high priority” and get it “across the goal line” as rapidly as possible.
PM urged: ‘Flip switch’ over true meritocracy
The Prime Minister was yesterday urged to “flip the switch” and transform The Bahamas from a political patronage-based system to a meritocracy, an ex-political leader warning: “We can’t afford for them to fail.”
